Exercise Three

MICROFINANCE: Is a term to describe financial services to low-income individuals or to those who do not have access to typical bank services.Microfinance is also the idea that low-income individuals are capable of themselves out of poverty if given access to financial services. Some studies indicate that microfinance can play a role in the battle against poverty, it is also recognized that is not always the appropriate method, and that it should never be seen as the only tool for ending poverty.

PUBLIC FINANCE: Is a field of economics about the pay for collective or governmental activities, and with the administration and design of those activities. This is divided into questions of what the government or collective organizations should do or are doing, and the how to pay for those activities.

CORPORATE FINANCE: The objective of corporate finance is to maximize corporate value while managing the firm's financial risks. Although it is in principle different from managerial finance which studies the financial decisions of all firms, rather than corporations alone, the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms.